Oz Blog News Commentary

Articles from Prosper Australia

Corruption and Property Laundering

March 30, 2017 - 11:51 -- Admin

Nelson Yap at the Australian Property Journal writes: SECRET companies are allowing illicit and corrupt money to flood into Sydney and Australia’s real estate market. Transparency International’s new report Doors Wide Open: Corruption and Real Estate in Key Markets has identified Australia, Canada, the United Kingdom and United States as the top four hot spots […]

“Poverty is the mother of crime”

March 16, 2017 - 19:43 -- Admin

What did Marcus Aurelius mean when he said “Poverty is the mother of crime”? Surely he wasn’t trying to justify crime?  The vast majority of poor people keep on ‘the straight and narrow’ without turning to crime? No, he wasn’t justifying crime; he was simply being realistic. When they see affluence all around them, some of […]

Australia’s democracy destroyed – for thirty pieces of silver

March 15, 2017 - 15:36 -- Admin

Matthew Stevens, the AFR’s kindly mouthpiece for big miners, is today promoting a range of very bad ideas that suit his, ahem, audience. The article is paywalled from sheer embarrassment. He lauds the political destruction of WA Nationals’ leader Bernard Grylls for wanting to raise the 25c a tonne royalty on WA iron ore to […]

Who will fight Oil&Gas in Australia’s national interest? The boxing ring is right here…

March 14, 2017 - 13:10 -- Admin

Craig Emerson, principal architect of Australia’s Petroleum Resource Rent Tax, is out in the AFR today fighting for good taxes and sound economics. For thirty years, the PRRT had been a successful revenue-sharing device, delivering well over $33 billion to consolidated revenue, derived from the economic rents of resource extraction and thus causing no harm. […]

Prosper SBS News

March 14, 2017 - 12:58 -- Admin

Prosper Australia President Catherine Cashmore had a busy week. First, Catherine was interviewed by Raph Epstein for ABC FM Drivetime. Then Catherine was asked to appear on SBS News Saturday night in Vacant Homes in Sydney draws Attention of UN. Channel 9 news also referenced this report. Earlier in the week, our Speculative Vacancies Report […]

Real estate is no market

March 11, 2017 - 12:38 -- Admin

Well, it certainly looked like a market today: all those people assembled at the auction, wanting to see what that four bedroom, two bathroom brick veneer house with a double garage was worth. Near new; attractive and efficient layout; sitting nicely on a well presented site. Must’ve been at least fifty people attending, with Chinese […]

NSW fire services to funded by the land

March 9, 2017 - 16:25 -- Admin

The NSW government is reforming how it funds fire services, removing the charge on fire insurances and introducing a land-based levy. NSW Treasurer Dominic Perrottet says: “Eliminating the old (Emergency Services Levy) is expected to reduce insurance costs on residential property by an average of $233, leaving fully-insured residential property owners better off by $47 […]

Eureka! The Black Dragon has an epiphany

March 8, 2017 - 16:05 -- Admin

Louis Christopher of SQM Research – aka Black Dragon – has seen through the maze of deceit to properly identify the national interest and yesterday published Five Solutions to Housing Unaffordability Crisis. His prescription is simple: cut immigration, grow in the regions, exchange stamp duty of land tax, cut construction costs and phase out negative […]